Law360 (March 14, 2019, 5:07 PM EDT) -- Commercial landlords, tenants and developers as well as purchasers and sellers of real estate should be aware of these four changes to California law, which are effective as of Jan. 1, 2019, and cover the following topics: (1) abandonment of commercial property, (2) disposal of tenants' personal property, (3) limitations on private transfer fees and (4) new code language regarding general releases.
Abandonment of Commercial Property
The amended law, effective as of Jan. 1, 2019, allows a commercial landlord to serve a tenant with a “Notice of Belief of Abandonment” (the form of which is set forth in the code) after...
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